Walden Renewables Secures $250 Million Financing Facility from Crayhill
Walden Renewables Development LLC has secured up to $250 million in development capital financing through a revolving facility provided by Crayhill Capital Management. The funding will support the expansion of Walden's 5 GW portfolio of solar and battery storage projects across key U.S. power markets, including PJM, MISO, SPP, ISO-NE, and SOCO territories. The agreement allows for financing both pre- and post-NTP (Notice to Proceed) project stages as the company advances its integrated development strategy and IPP growth model. Crayhill's Managing Director Shweta Kapadia emphasized that developers increasingly need flexible capital solutions to meet rising demand for renewable energy infrastructure, while Walden CEO Henry Weitzner highlighted how this partnership accelerates their ability to scale operations. Crayhill Capital Management is a $3.1 billion SEC-registered investment firm specializing in asset-based finance and has deployed over $4 billion across more than 50 transactions since its founding in 2015.
